Securus Technologies is among the inmate communication companies that use mergers and acquisitions to diversify its product portfolio. The company recently informed the public that it had completed its acquisition of JPay. The acquisition is aimed at providing an ultimate platform for education, entertainment, communications and digitized payments in the corrections industry. As part of the acquisition terms, Securus signed a Stock Purchase Agreement. JPay, on the other hand, is a reputable tech company serving more than 30 state prisons. According to the executive officer of Securus, Rick Smith, the transaction enables his company to venture into the rapidly growing segments in the incarceration environment. Smith believes that these segments include the provision of digitized payments and inmate tablets.Rick Smith mentioned that the JPay acquisition commenced in 2015. He also pointed out that the transaction took time to be completed because it involved acquiring approvals from the concerned authorities and equity funding. Smith said that Securus has always looked up to JPay as a driving force of innovation in the corrections market.Besides Smith’s comments, Ryan Shapiro, JPay’s CEO, pointed out that his company’s products make prison systems more efficient and safer. He believes that the acquisition will allow JPay to carry out its normal operations relying on Securus’ deep relationships and financial and human resources.

Facility Customer Comments

Securus Technologies strengthens its good relations with customers by releasing new product and service proposals on a weekly basis. Rick Smith believes that these proposals depict Securus’ strong commitment to assisting corrections and law enforcement agencies to mitigate and solve crimes.Securus also receives thousands of letters and emails as facility customer comments. The letters and emails are usually centered on how Securus’ innovations have fostered operational efficiency in correctional and law enforcement facilities. This type of feedback helps the company to evaluate its product and service proposals. Rick Smith is certain that the positive response is a manifestation of Securus’ efforts to serve and protect the community.

About Rick Smith

Rick Smith has been serving in the capacity of chief executive officer at Securus Technologies since 2008. He is valuable to the inmate communications company. He also held leadership positions in companies specializing in telecommunications, business development, information technology, and finance. These companies include Global Crossing North America, Eschelon Telecom, and Frontier Information Technologies.Smith’s professional career was at its peak during his tenure at Frontier Information Technologies. As CEO of the firm, his leadership skills enabled Frontier Information Technologies to generate $350 million from $30 million in revenue. Rick Smith attended the Rochester Institute of Technology and the State University of New York for an undergraduate and master’s degree in engineering. He also got his MBA from Simon School, which is affiliated with the University of Rochester.